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Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
New York Times· 8 hours agoShell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing...
UK will allow fossil fuel companies to explore under offshore wind farm sites
Offshore Technology via Yahoo Finance· 3 hours agoThe UK Government will allow fossil fuel companies to explore for oil and gas under offshore wind...
North Sea oil drilling to continue for a decade after net zero deadline
The Telegraph via Yahoo Finance· 5 hours agoOil drilling in the North Sea is to continue for up to a decade beyond Britain’s net zero deadline...
British regulator awards more North Sea oil and gas licences
Reuters· 5 hours agoTransition Authority's (NSTA) 33rd oil and gas licensing round, which has awarded a total of 82 licenses to 50 companies. The round has so far licensed exploration activity ...
BP-Eni JV signs agreement for Namibia offshore license
Reuters· 3 hours agoA BP-Eni joint venture and Rhino Resources Namibia have signed an agreement for a 42.5% interest in a block in the country's offshore Orange Basin, the companies said on Friday ...
Inside a $10 Billion Bet on the World’s Longest Heated Oil Pipeline
Barrons.com· 5 hours agoTotal values its investments linked to EACOP in both Uganda and Tanzania at $10 billion, the company...
Exxon to shut Guyana oil project for two weeks
Offshore Technology via Yahoo Finance· 1 day agoUS oil and gas giant ExxonMobil will shut down two offshore oil production projects in Guyana for two weeks each between July and August ...
BOEM Releases Tougher Financial Assurance Requirements for Offshore Oil and Gas Operations | JD...
JD Supra· 1 day agoOn April 24, 2024, the Bureau of Ocean Energy Management (“BOEM”) finalized its “Risk Management and Financial Assurance for OCS Lease and Grant Obligations” rule (the “Risk Rule”), increasing ...
Gazprom swings to £5bn loss in blow to Putin
The Telegraph via Yahoo Finance· 1 day agoWe expect and hope they will come down.” Ørsted, which runs the world’s largest offshore wind farm in the North Sea, known as Hornsea 2, employs 6,000...
Equinor seeks to revive costly Norway, Canada oil prospects
Reuters· 1 day ago, opens new tab has signed a long-term deal with engineering companies to help drive down the cost...